Aseana Properties Limited announced appointment of Christopher Henry Lovell as a non-executive Director, with effect from 1 June 2019. Christopher was first appointed as an independent non-executive director of Aseana in March 2007. He retired as a director at the 2018 Annual General meeting as part of the Company's strategy to reduce its ongoing costs and bring the size of the Board in line with the objectives of the realisation process.

The Company also announces the appointment of Mr. Chan Say Yeong as the Chief Executive Officer of the Company, with effect from 3 June 2019. Say Yeong will not be appointed to the Board of Directors of Aseana at this time. Say Yeong brings a wealth of experience from across the fields of banking, property development and investment, as well as real estate finance.